Pls tell me the benefits enjoyed by a 100% EOU with respect to Income Tax,Service Tax,CST,Excise,Customs and VAT (local).
3 Replies
Anusha
(20)
(25 Points)
Replied 30 November 2012
1.100% exemption up to 5 yrs from 1996
2.reimbursment of CST
R S B
(C.A FINAL)
(91 Points)
Replied 17 June 2013
EOU means no tax.. 100% exempt from any kind of govt duties
CA Ramsai N
(Fresher)
(594 Points)
Replied 18 June 2013
Taxablity to EOU (Excise)
100% EOU Removing Good in DTA(Domestic tariff Area):::
Goods manufactured by EOU and brought to any other place in India, the duties of excise which shall be levied and collcted theron w.r.t
Notification no.23/2033-C.e.,dated 31-3-2003
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